EUR/CAD is currently in a downtrend from the higher timeframes
It has broken a support zone and is currently retesting that zone as resistance.
Price has already broken the uptrend line on the 1hr timeframe.
I have placed the following sell stop order to take advantage of the move if it continues falling.
PAIR = EUR/CAD
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.44474
STOP LOSS = 1.45845 -137 PIPS / $13.70 LOSS
TAKE PROFIT = 1.39443 - 503 PIPS / $50.30 GAIN
It has broken a support zone and is currently retesting that zone as resistance.
Price has already broken the uptrend line on the 1hr timeframe.
I have placed the following sell stop order to take advantage of the move if it continues falling.
PAIR = EUR/CAD
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.44474
STOP LOSS = 1.45845 -137 PIPS / $13.70 LOSS
TAKE PROFIT = 1.39443 - 503 PIPS / $50.30 GAIN